Cathay Pacific Airways, Hong Kong’s flag carrier, expects its company finance could be improved as its cash burn will dip below HK$ 1 billion ($128.84 million) each month in the second half of the year. The struggling airline has burned up to HK$1.9 billion per month in the first half of the year because of the crew quarantine policies. The airline has forecasted the quarantine cost will decrease in the second half of 2021 as rules will be eased for…
Hong Kong's Cathay Pacific Airways announced on Tuesday it had received the Hong Kong government's approval to extend the drawdown period for an outstanding 7.8 billion Hong Kong dollar ($1 billion) loan facility by a year until June 2022, allowing the airline more room to manage liquidity. The bridge loan…
Hong Kong's Cathay Pacific Airways has decided to resume its flight crew recruitment for Hong Kong-based pilots again for the first time in approximately eighteen months, as the airline is getting a head start into the lengthy medium-to-long term process of rebuilding its business and surviving the Covid-19 pandemic. Cathay…
HK Express announced on Monday that it has completed its first flight trial using CommonPass. By securely validating and storing Covid-19 tests and vaccine records, the digital health passport application will enable passengers to easily comply with health-related entry requirements globally, while still simultaneously streamlining the HK Express pre-departure experience.…
British Airways will soon resume passenger flights to Hong Kong, following the lifting of the Hong Kong government's suspension on passenger services from the United Kingdom. This good news comes as Hong Kong has been known to be one of the strictest countries when it comes down to border restrictions…
The highly-anticipated air travel bubble to allow quarantine-free travel between Hong Kong and Singapore is set for take-off on May 26, six months delayed after its initially-planned launch. Initially set for November last year, the travel bubble was burst by both countries due to the then-sudden rise of Covid-19 cases…
Hong Kong's largest airline, Cathay Pacific, plans to reduce its order of Boeing 777-9Xs from 21 aircraft to 10-15 aircraft, according to a report from the South China Morning Post. Two internal sources briefed on the issue stated that the airline would "optimize" its order, removing billions of dollars in…
Hong Kong's Cathay Pacific Airways announced on April 22 that it will close its Canadian pilot base and has proposed to also shut down its pilot bases in Australia and New Zealand, putting hundreds of its employees' jobs at risk. No decisions have yet been made on the future of…
Hong Kong’s aviation market is still facing severe turbulence as Cathay Pacific is expecting its daily passenger count could be as low as 600 in March. According to the airline, it served 21,134 passengers in February, a decrease of nearly 98% compared to the same time last year. The struggling…
Prolonged travel restrictions and comprehensive entry requirements for international travelers continue to be significant obstacles for airlines. Partially as a result, airlines have recorded low travel demand and aircraft load factors throughout the ongoing COVID-19 crisis. Nevertheless, Cathay Pacific — an airline that has gradually adapted to the changes than…
